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<br /> 98-iceze�
<br /> S. H�urd or Property InsurAncr. Horr�wer Fhaii itee�+ thc improvemcn�s �ww cai�ti���y �� he��a8:.r ertott;! nn t � —
<br /> Property insured �gainst lass by tim, hacnrd�included within �he tt�mi "axtcrxicd cavcragc'und any rnhcr hurardc, Incltuiing
<br /> fl�w1s m•floadinu.for which Lc�xlcr rcquires intiurancc.TI�I� insuranc�:c;hull tx;mafntulncd in thc umounts ansi fur�ho{►cricxf`
<br /> �hut l.encter rr.quins. Tha insurance carrirr pmviding thr insurance shall be chosen by Borrower rubject co l.encler's oppmvai
<br /> which ahall n�t be unrcusonably withheld. If ik�rn►xer Pails ta muintuin caver.�gc describcd ubovc, l.endcr may, at I.ctxler'�
<br /> option,r,btain coverage to protcct l.endcr'ti right:a in the Property in arc�mla►xc wi�ti parabrupfi 7.
<br /> AU insurana policics�nd renew�ls sh�ll be�c�xptabla ta L.ender und �hull include a atardanl nx�rtgage cluuse. L.eMier
<br /> shall have the right ta hold the policies and renewrls. If l..e�der requlres,Barmwer shall pmmptly givc ta l.erxier;iU reccipts uf
<br /> paid prcmiums and rcnewal raticac. In the event of lasr,tiormwcr ehall give peu�upt uotic�to the in�urrnc:,wrricr wxt l.ender.
<br /> L.Gnder rtuy make proc►f uf I�ss if nc�t made prom{xly by Barmwer.
<br /> Unless l.encler anA Aorrower othcrwise agrec In writing. tnsurance procoeds shall be applicsd to restoration or repair of the
<br /> Property damtged,if the restoration ur repair fs eco�nmically feasiblc and I.ender's se�urity is nol lasscnal.lf thc restoratian or
<br /> repair is not economicaUy feasible Qr l.ender's cecurity wauld be Icssenect,thc insurnnce prcecods shull be upplicd ta the sums
<br /> sccurod by thls Securiry Instrument, whether ar not then duc, wlth any excess paid to Barrawcr. If Borrowcr nbnndona the
<br /> Propaty.or dar.s not answer within 30 days a notice i�r.r.0 t,e�xler il►at tl�e insurance cArrier has offercd to r,cttic n cluim,then
<br /> l.�ixier may mllat the insurance procxds. l.ender ma�r use�Eee �rococds to repair or ratoro thc Property or to pay sums
<br /> secuad by this Security Instrument.whether or nat t�►�en d.�ne.'lfh.e 34b�day(�criod will bcgin whcn thc notico i�given.
<br /> Unless Lender ancl Barrower otherwise agro� n�wmting. any a�pt�catton of proc�eds to pr�ncipul shall not extend ar
<br /> postpora the due date QB the Enonthly payments referrod co in pa.ragra�rhs 1 and 2 es chunge thc amount of the pnyrn�ots. If
<br /> uncler paragrapte 21 the Froperty is acquircd by Lender,Sorrower's rigl'rt ta any insu�r•uxe policies and proceeds resulting from
<br /> damage to the Pr,operty prior to the acquisition sholl pass to Lender ta tAe extent of the sur.nis sacn�by this Security Inswment
<br /> imn�todiately pnorto the acquisitian.
<br /> �,Occup�aey,P�erv�tian,Maintenunce�nd Yr+atection ot the Property;Borrov►er's I.oan AppUcation;Leasel�olds.
<br /> Bcnrrower shall oaupy,establa�,and use the Pmoperty as Borrower's principal residerece within sixty days after the execution of
<br /> t6�n.a Se�.�rity Instrument and shall cnntinue to occupX tt�e PropertY as Borrower's principal resider�ce for. at least cu�e year after
<br /> the dete of acc�spancy,unless I.ender otherwise agroes in writing. which conxnt shall nat be unr�asonabiy wia9�f�::J�.or uute�.� '�
<br /> extenuattng ci�umstances eaist which are !7r!ond Bomower's contMl. Borrower shell not destaYap, daint,fi�c r�r impair tde
<br />- Property,allovir tbe Properry to deterlorat�:, ar eommit waste on th� L'coperty. Borrower shall�c :c��ef�uEo i,'�ony forfeiture
<br /> action or proceeding.whether civil or cdminnl. is beg+�ce Fliat in Le�x3�r's good faith judgrnent ci�u��t tt''Sl7�P hl.�7u.�'eiture of the
<br /> Property or ah�rwlse materiapy impair the lien craital�;�t�►ia Secumty Instrument or Lcnder's sec.urlty inter�s'i.Borrower may
<br /> cure auch a defautt and�instate.as pmvidod in puagraph 18.by caus6ay,the aMion m�procading to be dlsmissed with a ruling
<br /> that, in Lendr�'s good faith determinaHon. precludes fadeiture o1f u��r �Borrowcr's interest in th� Property or othcr material
<br /> impiimxnt ot' trie lien c�ate�d by this Security Instivment or LencKss'� �ocurity in�eresc. Horrowcr shait�iw bc u��icf,�uit :f •
<br /> Borrower.during the loan.;yp,p.�icadon prcicess,gave matasaally false or inaccurate inf�vmation or statements to Lender(or failed
<br /> t�a�provide Lender with any��ant,rlal informatian)in cotio�Lc�aon with du loan evlden.�:d by the Note.including,but not limited
<br /> t�,rzpresent�dons concxrning 8orrower's occupancy �f Rhe i�,roperry as a principa(res�dence.If this Secudty l�asc,a,6nent is on a
<br /> leasehc�ld, Bor�+nwer shall comply with:.�' e3�e prov;.y��;,a�;.of Q�e leasa. If Borrawcr acquire; 1Fe� title to 3'h�:°�opecty. t2!e
<br /> leasd�old anti ttfln�fee tide shall not merg��ur.iloss Lender,a��es to the tnerger in wridng. ' '
<br /> 7.Protr�tilon oi Len�kr's Righta in t6e PropeR'ty:lt�Borrower fails to perform the covenants and agrat�m�contalned in
<br /> this Security Instrument, or there is a legal procading t1�at may significandy affect C.ender's rights in the Prea�sc�cty (such as a
<br /> proceed;ng in bankruptcy.probate. for condemnation or forfeiture or to enforce laws or regulationsj.then L.ender may do and
<br /> pay for wha�ew�r is nx�ssary to protect the value of the Property and Lender's dghu in the Property. I.ender's actions.�ay.•
<br /> include payin,F; ,any sums secucal by a lien which has priority o�rcr this 5xurity Inshument, a(�pearing in o�urt, payi;�g
<br /> rexconable attorneys'fets and tatering on the Property to make rcpairs.Although l..ender nuy take act[on under this puagreph
<br /> 7. Lender does rat have to�10 so. . .•
<br /> Any amounts disburs�fi by Lender under this paragraph 7 shall become addidonal debt of Borrowec;s-ecurod by this
<br /> Securlty Instrument. Unless Borrower and.I.ender�►gree to other terms of payment, these vnounts shall bear;inlaresc fmm t�he
<br /> date of disbpsSement at t8e Note rate��}�i s6�1f be payable. with interest. upcm nottoe from i.onder to &�ttbwer roquesting
<br /> :,3�+�rment. '.` , ,. •
<br /> .8.dd��tg�e Inwrance.If l.ender reqiitred ma�rd�7;e insurance us a oondition of malang the loan seCUFyd bX this Security
<br /> Qm�su�xHl;��ornwer shali pay the prca�iums re�uired to rnajntain the mortgage insurance in effoct. If. �ar•any reason, the
<br /> ��mo►tgage d�is�.�tnce coverage�equirai by Lender lapxs or ceases to be ln effect.Borrower shall pay the premiums require.d ta
<br /> obGtin oo�er;��;.�sabstautially equivalent to the rnortg�ge insurance previousty in effect,at a cost substantially oquivalent ta,Rl�e
<br /> oost to BorY�wct of the rtwrtgage jnsurance pnviously in effect.'ff�'�m an altemata mortgage insunr approved by Lendai, 1If
<br /> �sa�A�tand�lly oq�ivalent tt►ongage insurance covenge is m�t available.Borrower shall pay to L.ender each mont,d.a,sum equal io
<br /> ' mn�twelfth of the yearly mor�gage insurance pnmi��ri��b�:ing paid by Borrower when the insurance coverage Ibqpsed or oeased to
<br /> tio 9n effat.Lcnder will aooept,use and retaln these•�pay rri�ts es a loss reserve in ��eu of mortgnge Insurar�e. L.oss reserve .
<br /> • • � Form 9028 9FJ0
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